Changelog

We’ve added a new audit trail event that makes it easy to see when you're waiting for all beneficial owners from any given business to complete their KYC as part of a KYB process. This provides better visibility and helps ensure that all required steps are clear.

You're also able to re-send KYC links to those beneficial owners if needed. Links can be re-sent by either copying the link directly or sending it via SMS or email, making it easier to prompt completion and avoid delays.

We’ve made it easier for businesses to keep their ownership information up to date. Now, companies can add additional beneficial owners after completing their initial Know Your Business (KYB) verification. This is especially helpful if any beneficial owners were missed during the initial KYB process, allowing for updates without redoing the entire verification.

How it works:

• Navigate to the business details page, click the “…” menu in the top right corner, and select “Request more information.” From there, you can request additional beneficial owners and choose a current beneficial owner to receive the link to update this information.
• The designated beneficial owner will be able to add new beneficial owners and adjust the ownership stakes of all existing beneficial owners, if needed.

Benefits:

• Flexible updates: add beneficial owners at your convenience.
• Streamlined compliance: Maintain up-to-date ownership records without repeating steps.

This update makes it easier to manage your business information while ensuring compliance and transparency.

We’re excited to announce a new update for our Know Your Business (KYB) verification process! Now, when starting a business verification, you have the option to either add a new business or select from businesses you’ve previously verified with us. This feature simplifies the process for returning users and helps save time when working with established business profiles.

How it works:

• When initiating KYB, you’ll see a list of your previously verified businesses (if any).
• Simply choose an existing business to verify again, or add a new one.
• Each business card shows the last activity date and status, so you have a clear overview of your verified entities.

Benefits:

• Save time: quickly verify previously added businesses without re-entering information.
• Seamless experience: easily track and select businesses associated with your account for faster onboarding.

This update is part of our commitment to making the verification process smoother and more efficient. Try it out and enjoy an easier KYB experience!

We’re pleased to announce a powerful new addition to our Verification checks feature: Fraud checks. This update enhances your ability to identify and mitigate potential fraudulent activities during your user identity verification process.

What’s new?

• SentiLink Integration: Detect synthetic fraud and ID theft with high accuracy through SentiLink, providing real-time scores to help you better assess and flag suspicious users.

• Neuro-ID Integration: Gain deeper insights into user behavior with Neuro-ID, using behavioral analysis, PII familiarity, bot detection, and device and network intelligence. This helps you uncover risky patterns and assess if users are genuine.

These integrations bolster our system, offering smarter, data-driven insights to minimize fraud risk and improve overall security.

Get started with these advanced fraud detection tools today.

We’ve expanded our vaulting capabilities! In addition to securely storing credit cards, you can now vault bank accounts on Footprint, offering a more comprehensive and secure way to manage sensitive financial information.

What’s new?

• Bank account vaulting: Safely store and manage bank accounts, just like you do with credit cards. All sensitive information is securely encrypted and stored.

• Fingerprints: For each vaulted credit card or bank account, Footprint generates a unique “fingerprint” that helps identify if that card or account is associated with any other user. This provides an additional layer of fraud detection, ensuring that you can quickly identify potential overlaps and mitigate risk.

This update enhances your ability to securely manage and monitor financial data with ease, giving you more control and peace of mind.